United Parcel Service (NYSE:UPS) Shares Down 2.9% – Here’s What Happened

United Parcel Service, Inc. (NYSE:UPS) traded down 2.9% during mid-day trading on Monday . The company traded as low as $92.05 and last traded at $93.12. 9,758,068 shares traded hands during mid-day trading, an increase of 41% from the average session volume of 6,909,068 shares. The stock had previously closed at $95.95.

Analysts Set New Price Targets

Several research analysts recently issued reports on UPS shares. Stifel Nicolaus dropped their price objective on United Parcel Service from $120.00 to $109.00 and set a “buy” rating on the stock in a research note on Tuesday, October 28th. Bank of America dropped their price target on United Parcel Service from $83.00 to $81.00 and set an “underperform” rating on the stock in a research report on Friday, September 26th. JPMorgan Chase & Co. raised their price target on United Parcel Service from $85.00 to $97.00 and gave the company a “neutral” rating in a research note on Wednesday, October 29th. Evercore ISI dropped their target price on shares of United Parcel Service from $103.00 to $97.00 and set an “in-line” rating on the stock in a report on Wednesday, July 30th. Finally, Barclays reduced their price target on shares of United Parcel Service from $90.00 to $80.00 and set an “underweight” rating for the company in a report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, sixteen have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $110.00.

United Parcel Service Stock Down 2.9%

The company’s fifty day simple moving average is $86.94 and its 200-day simple moving average is $92.93. The firm has a market capitalization of $78.93 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 2.29 and a beta of 1.11. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.30 and a quick ratio of 1.32.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Tuesday, October 28th. The transportation company reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.43. United Parcel Service had a return on equity of 40.07% and a net margin of 6.15%.The firm had revenue of $21.42 billion during the quarter, compared to analysts’ expectations of $20.94 billion. During the same quarter last year, the firm earned $1.76 EPS. The business’s quarterly revenue was down 3.7% on a year-over-year basis. United Parcel Service has set its Q4 2025 guidance at EPS. On average, analysts forecast that United Parcel Service, Inc. will post 7.95 EPS for the current year.

United Parcel Service Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 4th. Investors of record on Monday, November 17th will be paid a $1.64 dividend. The ex-dividend date is Monday, November 17th. This represents a $6.56 dividend on an annualized basis and a yield of 7.0%. United Parcel Service’s dividend payout ratio (DPR) is 101.39%.

Insider Activity

In other news, Director Christiana Smith Shi bought 500 shares of United Parcel Service stock in a transaction that occurred on Friday, August 22nd. The stock was bought at an average price of $88.17 per share, for a total transaction of $44,085.00. Following the purchase, the director directly owned 500 shares of the company’s stock, valued at approximately $44,085. The trade was a ? increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.13% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Brighton Jones LLC boosted its holdings in shares of United Parcel Service by 63.8% in the 4th quarter. Brighton Jones LLC now owns 12,126 shares of the transportation company’s stock valued at $1,529,000 after acquiring an additional 4,723 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of United Parcel Service by 5.0% during the 1st quarter. Ballentine Partners LLC now owns 12,913 shares of the transportation company’s stock valued at $1,420,000 after buying an additional 614 shares during the last quarter. Kathmere Capital Management LLC lifted its holdings in shares of United Parcel Service by 10.1% in the 1st quarter. Kathmere Capital Management LLC now owns 1,948 shares of the transportation company’s stock valued at $214,000 after buying an additional 178 shares during the period. Arizona State Retirement System boosted its stake in shares of United Parcel Service by 1.5% in the first quarter. Arizona State Retirement System now owns 214,637 shares of the transportation company’s stock worth $23,608,000 after buying an additional 3,247 shares during the last quarter. Finally, Platform Technology Partners grew its holdings in United Parcel Service by 21.6% during the first quarter. Platform Technology Partners now owns 3,124 shares of the transportation company’s stock worth $344,000 after acquiring an additional 554 shares during the period. 60.26% of the stock is owned by institutional investors and hedge funds.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.